AREI NEWSLETTER JUL24 : simplebooklet.com

Message CLICK FOR VIDEO6611 US-19 Ste 214, New Port Richey, FL 34652artisanrealestate1@gmail.com727-339-3233How’s the market? That’s the question we hearmost frequently when it is discovered we areprofessional Realtors --- at the grocery storewhile wearing our name badge, at a dinner party,at Open Houses -- EVERYWHERE! Is it a BuyersMarket? Is it a Sellers Market? Are prices comingdown? Are prices going up? All questions we getasked every day lately.So what is happening in the Tampa Bay region?(read more on page 7 below.)UPDATESTATS DON’T LIEMARKETWant to see the DATA? Click the link below to see ourrecent MARKET UPDATE on YouTube. Page 8 also has more graphs &links to other sources ofinformtion & statistics.ARTISAN REAL ESTATE NEWS - VOL. 1 - JUL24

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6611 US-19 Ste 214, New Port Richey, FL 34652artisanrealestate1@gmail.com727-339-3233SUSAN ROSULEKARTISAN REAL ESTATE NEWS - VOL. 1 - JUL24JACKIE SCHMIDTMEET OUR AGENTSSIDNEY FREEDBorn in Destin, TexasAlso lived in Arkansas, Oklahoma & the FL KeysLicensed in real estate since 1995KIDS: 2 - John & TaylorPETS: 1 dog - Mickey the Australian ShephardFAVORITE PASTIME: Camping with familyFAVORITE RESTAURANT: Happy Cactus, DunedinSTRENGTHS IN REAL ESTATE: Helping Buyers find the perfecthome, luxury properties, and waterfront homesBorn in Darwen, EnglandAlso lived in Germany, France, Belize & New MexicoOTHER FLUENT LANGUAGES: German, FrenchLicensed in real estate since 2016KIDS: 3 - Ashley, Allison & AlexPETS: 3 dogs, 1 cat, 1 bird & fish (all are friends)FAVORITE PASTIMES: Travel, cooking & readingFAVORITE RESTAURANT: Ulele, TampaSTRENGTHS IN REAL ESTATE: Working with Sellers,negotiation expertise, and adept at solving problemsBorn in ColoradoAlso has lived in OH, VA, KY, TNLicensed in real estate since 2021KIDS: 2 - Adam (21) & Abby (18)PETS: 1 dog -Tyruss; 3 cats - Mindy, Socks & ZeekFAVORITE PASTIMES: Beachtime, camping & travelFAVORITE RESTAURANT: Anywhere on the waterSTRENGTHS IN REAL ESTATE: Working with 1st-timehomebuyers, contract-to-close details & property mgmt.CLICK THE AGENTS IMAGE TO VIEW THEIR WEBSITE & OBTAIN CONTACT INFO

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6611 US-19 Ste 214, New Port Richey, FL 34652artisanrealestate1@gmail.com727-339-3233ESTHER DIBESCEGLIARTISAN REAL ESTATE NEWS - VOL. 1 - JUL24JENNIFER HELTONBorn in Greeley, ColoradoLived 33 years in NE, 18 years in NC, 10+ years in FLLicensed in real estate since 1991PETS: 2 dogs, 2 cats, 1 bird & some Cichlid / Beta fishFAVORITE PASTIME: anything creative (art background)FAVORITE CUISINE/FOOD: Indian cuisine & sushiREAL ESTATE BIZ STRENGTHS: Contract & tech geek,coaching & training, back office operations, newconstruction expertise & a knack for detailsANGELICA BARBOSAMEET OUR AGENTSBorn in Queens, New YorkLived New York and FloridaLicensed in real estate since 2022KIDS: 1 daughter age 30; 1 son age 24PETS: 2 dogs - a Corgi mix and a purebred CorgiFAVORITE PASTIME: Working OutFAVORITE CUISINE/FOOD: ItalianFAVORITE RESTAURANT: Argentos, Port RicheySTRENGTHS IN REAL ESTATE: Property Mgmt (LCAM licensed), condo expertise & contract to close Born in Rio de Janeiro, BrazilAlso lived in Vienna, Austria (US Citizen 2005)Fluent in Portuguese & conversational German & SpanishLicensed in real estate since 2011KIDS: Marcos & Anna, 1 granddaughter, EleniFAVORITE PASTIMES: Spending time with family & pilatesFAVORITE RESTAURANTS: Discovery India, Palm HarborSTRENGTHS IN REAL ESTATE: Working withprobate/estate customers, distressed/REO properties andproficient at transactional detailsCLICK THE AGENTS IMAGE TO VIEW THEIR WEBSITE & OBTAIN CONTACT INFO

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6611 US-19 Ste 214, New Port Richey, FL 34652artisanrealestate1@gmail.com727-339-3233ARTISAN REAL ESTATESALES NOV ‘23 - JUN ‘24ARTISAN REAL ESTATE NEWS - VOL. 1 - JUL24ACTIVE LISTINGS:7723 Chapel Ave, Port Richey - duplex/lease - $1,3507704 Hillside Ct #104, Hudson - condo - $178k4323 Sussex St, Holiday - condo - $228k1736 Manor Ave. W., Clearwater - single fam - $430kPENDING LISTINGS:9332 Beaufort Ct., NPR - SF - $365k - J. HeltonBUYER SIDE CLOSED:SELLER LISTING CLOSED:1519 Lancelot Loop, Tampa - SF - $279k - Jackie S.10616 Mira Vista Dr., Port Richey - SF - $225k - Jennifer H.3847 Thornbush Ln., NPR - SF - $285k - Jennifer H.315 Buena Vista Dr. S., Dunedin - SF - $600k - Jennifer H.308 Sago Palm St., Largo - MH - $91.5k - Susan R.206 Lagoon Dr., Palm Harbor - SF - $850k - Sidney F.11823 Alpine Pkwy., Port Richey - SF - $218k - Jennifer H.7930 Griswold Loop, NPR - SF - $225k - Jennifer H.8114 Hathaway Dr., NPR - SF - $325k - Jennifer H.71738 Tyrone Blvd. N., St. Pete - SF - $388k - Jennifer H.6715 Tower Dr., Hudson - MH/wtr - $175k - Jennifer H.10135 Buck Dr., New Port Richey - SF - $855k - Sidney F.1606 Druid Rd. E., Clearwater - SF - $492k - Susan R.3800 Cherrywood Dr., Holiday - SF - $300k - Jennifer H.2240 Pinewood Villas Dr., Holiday - Condo - $190k - Jackie S.5032 Vickers Dr. New Port Richey - SF - $228k - Jennifer HBOTH SIDES - CLOSED:1724 Washington St., New Port Richey - MH - $190k -Jennifer H.PENDING BUYER SIDE:1179 Channing Dr., Spring Hill - SF - Jennifer H.WE ARE A FULL SERVICE BROKERAGEWE ARE A FULL SERVICE BROKERAGEWE ARE A FULL SERVICE BROKERAGECLICK TO SEARCH MORE HOMES AT www.ArtisanRealEstateFL.com

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6611 US-19 Ste 214, New Port Richey, FL 34652artisanrealestate1@gmail.com727-339-3233FEATURED MORTGAGE PARTNERChris Kidder - Tampa MortgagePREFERRED TITLE PARTNERSharee Mandel - Investment TitleARTISAN REAL ESTATE NEWS - VOL. 1 - JUL24Originally from the Wrigleyville neighborhood of Chicago. Shareehas been involved in the real estate industry as a paralegal and titleagent since 1994. She relocated to St. Pete to give her daughter a"fun in the sun" lifestyle. Sharee is Florida's Premier Title Agent bygoing above and beyond as the master of her craft. From personallyproviding comprehensive title searches at the listing of the home tomeeting at a place that is convenient for your clients for the closing.With communication before, during, and after the closing, Sharee isuniquely accessible 24/7. Chris was a founding member of the original Tampalocation at The Mortgage Firm Tampa One since itslaunch in 2010. He has 25+ years in the mortgageindustry. One of the reasons Chris has enjoyed along career in this industry is because he likes tohelp people pursue their dreams to buy a home fortheir family. Chris has earned The Mortgage Firm’sCircle of Champions award since its inception. Chrisis married to his high school sweetheart, Missy, andhas two daughters, Cassidy and Haley. Feel free tocall or text Chris for all questions mortgage related:(813) 842-5611CLICK HEREfor more info, payment calculatoror to start the application process.

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(Continued from page 1)3 years ago, an influx of Buyers rushed into our Tampa Bay Region resulting in homes flying off the market andprices increasing rapidly. On average, home prices jumped $100,000 from the value in April 2020. In somecases, depending on location, condition, and amenities, home values doubled. The principal of “Supply andDemand” is the reason. “100% CASH Buyers” primarily drove the market, possibly due to inheritance of familywho succumbed to COVID, and others realizing that they needed to LIVE LIFE after the isolation of the Pandemicand they could live anywhere they wanted, and Florida was a top pick in the US. These purchasers were frenziedAND emotional, paying over list price with multiple offers creating more demand than supply. In April of 2020, when the world shut down, and “shelter in place” was in force, many professionals in ourindustry were bracing for a severe downturn leading up the the 2020 election and end of the year with themarket literally holding its breath. That anticipated downturn never happened. What DID happen we could nothave imagined. With Sellers holding on to their homes, also unsure of the future, all of that intense demanddrove up home prices, spending was out of control, and interest rates rose right along with home prices. Andthen, inflation started happening at the end of 2022. The Federal Reserve started raising interest rates to curbthat crazy spending so the economy would normalize. Today it is finally flattening out. We are not at thebottom, but we are close. FYI - The peak of the market in our region occurred Apr-Nov 2022, depending on thetype of home and zip code. Since then, more and more Sellers have tried to enter the market to sell their homesat those top prices they witnessed in 2021 - Sellers have long memories and were hoping those high priceswere still viable. But Buyers have watched carefully online as they were priced OUT of the type of home theyqualified for just a few years ago in 2019. Now, their money buys them a fraction of what they thought theycould own. This has led us to more listings entering the market and Buyers having more choices and thefortitude to wait -- until prices either come down, or interest rates drop. It has been a stand off between Buyerson one fence, and Sellers on another.Since last summer many real estate professionals have called the market “challenging” (after spending a fewyears “taking orders” and not developing their professional skills). Many agents have left the industry by the1,000's in the last year. I pivoted instead, left my corporate real estate management job and opened my ownbrokerage less than a year ago, focusing on having the MOST skilled Realtors around, and giving customers old-fashioned professional customer service.We are not in a Sellers market anymore. We are not in a Buyers market, either. This is due to our inventory stillbeing slightly lower than pre-pandemic levels. We are in a normal market. Flat and steady. There needs to be“give and take” now between Sellers and Buyers, and as experienced agents, we are poised to utilize our skills innegotiation, marketing, contract knowledge, and professional wherewithal to help Buyers and Sellers get offtheir fences and come together in a purchase, and then assist towards a low stress and successful closing.When will prices start going back up? Possibly at the end of 2024, after the election, when spending hasslowed and interest rates drop 1% or more, we will have another exciting flurry of Buyer activity. However, itwill be short lived, and the “normal” market will continue for the majority of 2025. And at Artisan Real Estate weare ready for ANY and ALL of it. Jennifer Helton, Broker/OwnerArtisan Real Estate, Inc.6611 US-19 Ste 214, New Port Richey, FL 34652artisanrealestate1@gmail.com727-339-3233UPDATEMARKETARTISAN REAL ESTATE NEWS - VOL. 1 - JUL24

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6611 US-19 Ste 214, New Port Richey, FL 34652artisanrealestate1@gmail.com727-339-3233ARTISAN REAL ESTATE NEWS - VOL. 1 - JUL24STATS - DATA - GRAPHSPINELLAS REALTORS ORGANIZATION STATS PAGEGREATER TAMPA REALTORS STATS PAGECLICK THE LINKS BELOW TO BROWSE STATS FROM REPUTABLE SOURCESThe graph on the right shows “SP/LP” or“Sales Price to List Price” by the GREEN LINE.FL homes selling 100% of list price is a great indicatorof DEMAND. Homes selling under that percentageshows Buyers are wanting to negotiate, there areplenty of homes to choose from, and they believeSellers have their homes OVERVALUED. The BLUEDATA is “Days On Market” or the days to sell a home,on average. The faster a home sells indicates moredemand, a better value and less inventory. The redcircle shows the data points have come together --which is a balanced market.The graph to the left is a 10 year look at our Floridamarket with the same green line data for “SP/LP” asexplained above and the blue data is months ofinventory -- which is often called “Absorption Rate”-- a high number of months of inventory will indicatea BUYERS MARKET. A low number of months ofinventory point to a Sellers market, which weexperienced from about April 2020 to January 2022. Currently we are balanced market - which is indicatedby the 2 lines coming very close to each other.

AREI NEWSLETTER JUL24

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